SolarCity introduces solar service for SMEs

SolarCity will offer the service to owner-occupied business locations in California under its CaliforniaFIRST programme before expanding. Image: SolarCity SolarCity has announced a new service to help small and medium-sized enterprises (SMEs) get electricity from solar power at a cheaper rate than from local utilities. Initially, the firm will offer the service to owner-occupied business locations in California under its CaliforniaFIRST programme, but it aims to expand the service to the east coast and other regions in early 2016. SolarCity expects SMEs in California to pay between 5-25% less for solar electricity compared to utility power, with no upfront costs. The service will also include fixed, flat solar payments for 20 years, which allows customers to save more if the utility rates increase in the future. To create the savings, SolarCity has a network of local insta...